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| 3050 and 3060 Royal Boulevard South, Alpharetta, GA |
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| Casey Keitchen |
ATLANTA, GA (Dec. 31, 2013) – In separate transactions, Bull
Realty has brokered the sales of three metro Atlanta office properties. The
properties, which are located in Acworth, Ga., and Alpharetta, Ga., total more
than 78,000 square feet.
• SugarOak Investors acquired 3050 and 3060 Royal Blvd.
South in Alpharetta for $3.9 million. The two office buildings total 60,352
square feet and have a combined occupancy rate of 70 percent. Tom Shafer
and John Hinson of CBRE represented the seller, KR Office Investors LLC,
and Casey Keitchen, a vice president in Bull Realty’s National Office
Group, represented the buyer.
• An Israeli-based investor purchased the 18,000-square-foot
Building 800 in the office park located at 4900 Ivey Rd. in Acworth for
$960,000. In partnership with the FDIC, a regional bank sold the property,
which has an occupancy rate of 50 percent. Keitchen represented the
sellers in the transaction.
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| 4900 Ivery Road, Acworth, GA |
“These sales are an
example of investors’ increasing interest in suburban product as they search
for opportunities to increase yield,” Keitchen said.
“Investor interest
has continued to increase throughout 2013 for both distressed and stabilized
office product alike. As 2014 gets underway, we expect to see office investment
sales activity continue to accelerate for both core and value-add opportunities
like these.”
Bull Realty Inc (www.BullRealty.com)
is a U.S. commercial real estate sales and consulting firm headquartered in
Atlanta. The firm was founded 16 years ago with two primary missions: 1) to
provide a company of stellar integrity and reputation, and 2) to provide the
best commercial real estate marketing in the nation.
For a complete
copy of the company’s news release, please contact:
Savannah Duncan • The Wilbert Group
1720 Peachtree St., Suite 350 • Atlanta, Ga. 30309
O: 404-343-0870 • M:
404-901-4433
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